On Wednesday, reported third-quarter net income of $2.8 billion, or $0.65 a share, as revenue declined 8% to $12 billion from $12.96 billion year-over-year. The company also said 95% of its global workforce is working from home amid the coronavirus pandemic. Myles Udland breaks down Cisco’s quarterly results on The Final Round. ...
Revolve released its first-quarter earnings report after hours on Wednesday, beating investors’ expectations on both top and bottom lines. The company also reported that it saw an increase in active users with a change in the which categories consumers were focused on. Yahoo Finance’s Myles Udland breaks down the company’s earnings on The Final Round....
On Wednesday, Barclays analysts weighed in on reports of the potential takeover of Grubhub by rival Uber, with the investment firm opining that Grubhub could get $75 a share from a merger, valuing the food delivery service at $7.2 billion. The Final Round panel discusses what the possible tie-up means for the food delivery space amid the current environment. ...
